$3,390,000
$3,400,000
0.3%For more information regarding the value of a property, please contact us for a free consultation.
0.27 Acres Lot
SOLD DATE : 09/07/2022
Key Details
Sold Price $3,390,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID ML81902827
Sold Date 09/07/22
HOA Y/N No
Year Built 1963
Annual Tax Amount $37,400
Lot Size 0.268 Acres
Property Description
Rarely available 10-unit Pacific Grove apartment complex. Highly sought after by tenants and investors. The property is in Pacific Groves Del Monte Park neighborhood and close to DLI and The Presidio of Monterey. Conveniently located near shopping, bus stops and schools. The unit mix consists of 8 (1) bedroom / one-bath and (2) two-bedroom / one-bath units. Each unit is separately metered for water, gas and electricity. Each unit has its own hot water heater and forced air furnace in the unit. The landlord is responsible for sewer, garbage, and common area PG&E & Water. Positive features include 8 of the 10 units have updated kitchens and bathrooms in the past 7-10 years, some units have Luxury Vinyl flooring throughout and all units have double pane windows. Rental income is based on the August 2022 rent roll.
Location
State CA
County Monterey
Area 699 - Not Defined
Zoning R-3
Interior
Cooling None
Fireplace No
Laundry None
Exterior
Carport Spaces 10
Roof Type Tar/Gravel
Total Parking Spaces 10
Building
Water Public
Schools
School District Other
Others
Tax ID 007634001000
Financing Cash
Special Listing Condition Standard
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Bought with Marielena Carriglio • Coast Realty and Property Management
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "